Accounts payable PP&E Accumulated depreciation 27,500 255,000 118,000 Review Question 2: On January 1, 2013 Company B issues $500,000, 8%, 5 Year Bond, when market is paying 10%. Bond sells for 92.5, and pays interest annually. Provide the Journal Entry for the issuance of bond, and first two interest payments/interest expense entries. Show the Balance Sheet presentation after December 31, 2014 payment for the bond section. Review Question 3: Sonya Corp. provides the following financial statement information just prior to declaring their annual dividend: Share Capital Common shares (10,000 issued) $150,000 Preferred shares (1,000 issued), $2.00, cumulative no par value _$5.000 Other Items Cash $130,000 Retained Earnings $275,000 The Board of Directors declares a $15,000 dividend for the 2016 year end. They normally pay every year but skipped the dividend in 2015 due to a shortage of cash. Required Calculate the total amount of the dividend that the preferred shareholders will receive 2 Calculate the total amount of the dividend that the common shareholders will receive. What would have been the maximum cash dividend Sonya Corp. could have paid